MONNETISPA

Monnet Ispat Ltd has informed the Exchange that the company has obtained the requisite approvals from the shareholder and Central Government for changing the name and consequent thereto the name of the company stands changed from MONNET ISPAT LTD. to MONNET ISPAT & ENERGY LTD.

Monnet Ispat Ltd has informed the Exchange that the Company has priced a US$60.0 million Foreign Currency Convertible Bond Offering (with a further upsizing option of US$ 15.0 million). The Bonds are expected to be listed on the Singapore Stock Exchange. The offering was priced after market trading hours on February 02, 2006. The Bonds, which have a maturity of 5 years and 1 day, are convertible at a conversion price of Rs.317.20 per share, which is at a premium of 24.09% over the reference share price of Rs.255.62 (the volume weighted average price for Monnet Ispat on the National Stock Excha

Monnet Ispat Ltd has submitted to the Exchange a copy of the Notice calling EGM of the shareholders of the Company to be held on February 04, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Monnet Ispat Ltd has informed the Exchange regarding following matters discussed in the meeting of the Board of Directors held on January 07, 2006 :- 1) Monnet Ispat Ltd. (MIL) has entered into Memorandum of Understanding with Scandiuzzi SRL, Italy, for designing & manufacturing of Structural Steel products. MIL is entering into a Joint Venture with an equity contribution of 60% by MIL and 30% by Scandiuzzi SRL. The balance 10% will be offered to a strategic partner. The Joint Venture envisages the manufacture of Structural Steel Products viz. Turbine & Boiler Structures, Transmission Towers,

Monnet Ispat Ltd has submitted to the Exchange a copy of unaudited financial results for the quarter ended on September 30, 2005 for apprising the shareholders of achievements and future plans. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Monnet Ispat Ltd has informed the Exchange that the Company has allotted 1000000 equity shares on November 30, 2005, to the holders of equal number of warrants upon exercise of their option to get the warrants converted into equal number of equity shares. The above is the 2nd and last conversion of remaining warrants out of a total of 2000000 warrants which were issued to the promoter companies on June 03, 2004 and were to be exercised within a period of eighteen months from the date of issue. The equity shares so issued have been subjected to lock-in as per the terms of issue and in complianc

Clarification of News : The press had reports that Monnet Ispat Limited has struck a deal to acquire a manganese ore mine in Zambia. The company is also planning to set up a ferro alloys plant in Zambia. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Monnet Ispat Ltd has vide its letter inter-alia stated, "This is to inform that the news item appears to be correct in so far as the Company has negotiated for a Mang

Monnet Ispat Ltd has informed the Exchange that the following decisions were taken in the meeting of the BODs of the Company held on October 27, 2005 for consideration of quarterly results and interim dividend :- 1) The BODs has declared an Interim Dividend of 30% (Rs. 3/- per equity share on a par value of Rs. 10/-). 2) The Board has approved the acquisition of Iron Ore Mine with an Estimated Reserves of 30 million ton in Orissa. The Iron Ore Mine will be used entirely for captive use and Iron Ore will start flowing to the production system from the 4th Quarter of the current Financial Year.

Monnet Ispat Ltd has informed the Exchange that November 08, 2005 has been fixed as the Record Date for the purpose of dividend, if declared by the Board of Directors at their meeting to be held on October 27, 2005.

Monnet Ispat Ltd has informed the Exchange that the Register of Members of and Share Transfer Book of the Company shall remain closed from September 23, 2005 to September 30, 2005 (both days inclusive) in connection with the AGM of the Company to be held on September 30, 2005.

Monnet Ispat Ltd has informed the Exchange that Merrill Lynch Capital Markets Espana SA SV has sold 38,000 shares aggregating to 0.12% of the share capital of Monnet Ispat Ltd. on July 19, 2005. The mode of sale is Secondary Market Sale and the shareholding of Merrill Lynch Capital Markets Espana SA SV after the said sale is 457,155 shares aggregating to 1.45% of the share capital of Monnet Ispat Ltd.

Citibank N.A. has informed the Exchange that their client Merrill Lynch Capital A/C Merrill Lynch Capital Mkt. Espana SA SV has sold 38,000 shares aggregating to 0.12% of the share capital of Monnet Ispat Ltd. on July 19, 2005. The mode of sale is Secondary Market Sale and the shareholding of Merrill Lynch Capital A/C Merrill Lynch Capital Mkt. Espana SA SV after the said sale is 457,155 shares aggregating to 1.45% of the share capital of Monnet Ispat Ltd.

News Verification : The press had reports on May 04, 2005 that Monnet Ispat Limited is planning to invest Rs 1400 crore for setting up sponge iron units in Orissa & Jharkhand. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Monnet Ispat Limited has vide its letter inter-alia stated, "We have not stated about any expansion of Rs. 1400 crores coming up in the state of Orissa and Jharkhand as reported in the press. Th

News Verification : The press had reports that Monnet Ispat Limited is planning to invest Rs 1400 crore for setting up sponge iron units in Orissa & Jharkhand. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Monnet Ispat Limited.

Monnet Ispat Ltd has informed the Exchange that the BODs in their meeting held on April 30, 2005 have declared a 2nd interim dividend of 35% (Rs.3.50 per share of Rs.10/- each) taking the total interim dividend for the year to 60%.

Monnet Ispat Ltd has informed the Exchange that May 06, 2005 has been fixed as the Record Date for the purposes of dividend, if declared by the Board of Directors at their meeting to be held on April 30, 2005.

Monnet Ispat Ltd has informed the Exchange that the BODs in its meeting held on March 31, 2005 has allotted 10,00,000 equity shares to the promoters of the company upon conversion of equal number of warrants issued to them. These warrants were issued to the promoters simultaneously to the issue of Equity Share to Citicorp International Finance Corporation an affiliate of Citigroup. The above conversion is out of the total issue of 20,00,000 warrants convertible to equal No. of Equity Shares upon conversion.

Monnet Ispat Ltd has informed the Exchange that the Company has entered into a Purchase Agreement dated February 18, 2005 with Merrill Lynch International, providing for the offering of US$ 60 million, 1.0% Foreign Currency Convertible Bonds due 2010. The Bonds are convertible into Ordinary Shares of the Company, at the option of the Bond holders. The Bonds carry a 1% coupon payable semi annually and a YTM of 6.5%. The initial Conversion Price, determined as Rs.236.944 per share represents a 18.0% premium to the closing price of the Company's Equity Shares on the BSE on February 17, 2005; othe

Monnet Ispat Ltd has informed the Exchange that :1) Chaturanan Industries Limited have acquired 45,15,400 shares aggregating to 14.81% of the total share capital of Monnet Ispat Limited on January 24,2005.The mode of acquisition is through merger and the shareholding of Chaturanan Industries Limited after the said acquisition is 49,87,300 shares aggregating to 16.35% of the total share capital of the company. The companies merged are Chilka Traders Pvt.Ltd., Veraval Properties & Finance Ltd.,Aditi Credit Pvt.LTd. and Kotilya Financial Services Pvt.Ltd. which were also promoters companies. Cons

Monnet Ispat Ltd has informed the Exchange that :1)Chaturanan Industries Limited have acquired 45,15,400 shares aggregating to 14.81% of the total share capital of Monnet Ispat Limited on January 24,2005.The mode of acquisition is through merger and the shareholding of Chaturanan Industries Limited after the said acquisition is 49,87,300 shares aggregating to 16.35% of the total share capital of the company. The companies merged are Chilka Traders Pvt.Ltd., Veraval Properties & Finance Ltd.,Aditi Credit Pvt.LTd. and Kotilya Financial Services Pvt.Ltd. which were also promoters companies. Conse

Monnet Ispat Ltd has informed the Exchange that the BODs in its meeting held on December 25, 2004 has approved the following: 1) Allotment of 61,10,000 equity shares of Rs.10/- each to the shareholders of Monnet Power Ltd. pursuant to and in accordance with the Scheme of Merger under section 391 to 394 of the Companies Act, 1956. 2) Issuance of Foreign Currency Convertible bonds upto Us $ 60 million in the international market for meeting the proposed capital expenditure plans/ acquisition. 3) Calling of Extra Ordinary General Meeting of the shareholders on January 21, 2005 for authorising the

Monnet Ispat Ltd has informed the Exchange that,the Company will close its transfer books from December 17,2004 to December 24,2004 (both days inclusive) in connection with the Annual General Meeting of the Company to be held on December 24,2004.

Monnet Ispat Ltd has informed the Exchange that the BoD's, at their meeting held on October 22, 2004, have declared an interim dividend of 25% (Rs.2.50/- per share on an equity share of par value of Rs.10/-). The record date for ascertaining the entitlement of dividend shall be November 02, 2004.

Monnet Ispat Ltd has informed the Exchange that November 02, 2004 has been fixed as the Record Date for the purpose of payment of interim dividend, if declared by the BoD's at their meeting to be held on October 22, 2004.

Monnet Ispat Ltd has informed the Exchange that the Hon'ble High Court of Chhattisgarh at Bilaspur has approved the merger of Monnet Power Ltd with Monnet Ispat Ltd. The merger will be effective from January 01, 2004. As per the approved Scheme of Amalgamation, the shareholders of Monnet Power Ltd will get 1 equity share of Monnet Ispat Ltd for every 10 shares held in Monnet Power Limited.

Monnet Ispat Ltd has informed the Exchange that Monnet Power Ltd. (MPL) an associate company of Monnet Ispat Ltd. (MIL) has been approved for merger with MIL w.e.f. January 01, 2004 as per the order of Chhattisgarh High Court at Bilaspur. MIL currently has the capacity of sponge iron and steel at 3,00,000 TPA each and MPL has the power plant of 45MW and 60,000 TPA of ferro alloy. The power requirements of MIL were being met by MPL. Both the facilities are located at the same premises at Raipur, Chhattisgarh. The statement of the Company with regard to the merger of Monnet Power Limited with Mo